Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-08-24
THE WHISKY POOL.
Nicely Enclosed in their
Palatial Headq arters
in IlIin0ie.
A Great Monopoly TO be Run with all
the Squeezing Powers of the
Famous Standard Oil
Octopus.

FEonlA, III, Aug. % -The palatial
headquarters of the whisky trust are now
ready for. business in the old clubhouse
rooms in this city. They have been fitted
up IN magnificent style. With this the
members of the old whisky ring are a
little more ready to talk and ONE facts
concerning the organization can be
learned. The trust is to be run in the
same way that the Standard oil company
Is operated. The d~istiller puts a yalua-
tion on his house; then a committee is
appointed to make an examination. He
turns his property over to nine trustees.
They are; Adolph Woolner, J.. B. Green
hut, and John Francis, of Peoria; Warren
Corning, of Cleveland; William hobart,
II. j. Calf Jr., and j. Duckworth, of Gin
~cinnati; NJ. Hennessy of Chicago; and A.
Beavis of st. Louis These min trustees
have formed the following organization;
President, j. b.. G%reenhut, Peoria; Secre-
tary, George Gibson, Peoria; Treasurer,
William Hobart, Cincinnati. After a
man's distillery has been appraised the
oNFne turns over to these nine trustees
for their use n bshoof for twenty-five
| years his property and receives in lieu
| thereof trust certificates. In some in
stances he receives Sc in certificates for
81 of valuation, in others dollar. for dol
lar, and in others a less sum. The trust
Immediately steps in and runs the house
or allows it to remain idle at it's descre-
| ton. The intention of the trust is to
regulate the production SO that the certi-
fcates issued will pay G to 10 per cent.
In this city all the distilleries haye
| joined except that of Bush & Brown, the
Great Eastern, and that of G.. I. Barker.
In Pekin the Enterprise distillerysis out.
The trust is operating all except these
in this city.
The capital, which is nearly $40, 000,-
DOC, consists of trust certificates. The
probability is that the wages of employees
will be reduced and the spirits produced
as cheaply as possible. 1t is thought that
dividends will be declared monthly. In
all probability the trust win use all the
means at its disposal to coerce and force
every house in the country to join the or
g~anization. 1t is the intention of the
large distillers to gobble up all the small
ones, make all the whisky, and take all
the profits. In addition to making
whisky they propose feeding cattle.
Heretofore q man went about from one
distillery to another and got his cattle
fed where he could get it done the cheap
est; now the trust proposes to do this
itself. 1t is agreat monopoly on stock
as it is on whisky. In other words, it is
8 gigantic monopoly Of distillers and cat
t~le-feeders. The trust will be q good thing
for the government, as it Will concentrate
the manufacture and reduce the number
OF gagers. storekeepers, etc., without at
ali reducing the venue The rules and
regulations are simply ironclad, snd 1t
will be an utter impossibility for an out
slider to get the least information as to it's
policy in any particular case.
Heretofore in the Western Export Asso-
citation a great many promises were made
that were broken, such as paying a man
for his closed capacity. Now it liz pro-
posed to obviate that by paying a maj
in certificates for his house the momen he
joins the trust. In answer to a question
In case of depreciation of the trust certi.
t~iacates will the holders of the same he
paid dividends on their face or market
value? a distiller answered; "We are in
hopes that they will always remain al
par, but in case they should depreciats
we shall have to make such terms witt
the holders of the same as we can ami
cably, MS they will probably be thrown
broadcast upon the market. After 6
short time they will be held by others
than the distillers. It is not to be pre-
sumed that the distiller who has a hous,
worth $500, 900 will keep $500; 600 of non
paying stock in his possession, but viii
naturally unload ii at his earliest con
venience y
"You do, then, anticipate 8 deprecia
tionf"
Eyes, after awhile"
From all which 1t is more than proba
ole that the trust expects, when the de
probation does begin, to be out from
under the load and allow 1t to fall on tn,
public The houses in this city that hay,
not gone into the trust nave expressed
willingness to allow the distilleries to re
main idle for q monthly rental, but thi.
will not be given.